Keegan Incorporated His Sole Proprietorship by Transferring Inventory, a Building

Keegan incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock.The property transferred to the corporation had the following fair market values and tax bases.

$\begin{array}{c}\begin{array}{lll}\\ \text {Inveritory}\\ \text {Building}\\ \text {Land}\\ \text {Total}\end{array}\begin{array}{l}\text { FMV } \\\$ \quad 20,000 \\70,000 \\\underline{150,000}\\\$ \quad 240,000 \end{array}\begin{array}{rr}\text { Tax Basis } \\\$ \quad 14,00 \\50,000 \\\underline{100,000} \\ \$ 164,00 \end{array}\end{array}$
The fair market value of the corporation's stock received in the exchange equaled the fair market value of the assets transferred to the corporation by Keegan.
What amount of gain or loss does Keegan realize on the transfer of the property to his corporation?